According to the monitoring data of SunSirs, as of February 18, the average price of silicone DMC market quotations in the mainstream areas of the data monitoring was 21,666 RMB/ton, which was raised by 133 RMB/ton compared with the price before the Spring Festival (the average price of silicone DMC reference 21,533 RMB/ton on February 10), an increase of 0.62%; compared with the price on February 1, 2021 (reference price of 21,100 RMB/ton), the average price is raised by 566 RMB/ton, an increase of 2.69%.

Before the Spring Festival, at the beginning of February, the domestic silicone DMC market began to rise steadily. The pre-orders of factories before the holiday were in good condition, and the confidence of the industry had increased. The market had been gradually warming up under the leadership of leading enterprises in Shandong since early February. Until the Spring Festival, on the 10th, the mainstream reference quotation of silicone DMC was around 21,300-21,800 RMB/ton, and some high-end quotations were around 22,000 RMB/ton. Afterwards, logistics ceased operation one after another, and market conditions also turned into a stable period.

After the holiday, silicone DMC welcomes a small increase in the beginning of the year

Coming back after the holiday, supported by the good performance of the demand before the holiday, the inventory pressure of the factory after the holiday is less, the industry's confidence is maintained, and the market atmosphere is good. On the 18th, Shandong's large factory made a good start. On the first day of construction, it was the first to increase the ex-factory price of silicone DMC by 200-300 RMB/ton. On the 18th, the mainstream domestic silicone DMC reference quotation was around 21,500-22,000 RMB/ton. At present, the downstream resumption of production and production of silicone DMC is gradually recovering, and the upstream and downstream transmission remains normal. The replenishment will continue after the holiday. The overall market is expected to be positive.

There are many favorable factors, and the silicone DMC may continue to rise after the holiday

Based on the current market situation, the downstream demand for silicone DMC has improved a lot compared to the same time of last year. In addition, after the climate warms up, the terminal resumes work gradually, and the supply and demand transmission is relatively smooth, and the industry is full of confidence. The silicone DMC analyst of SunSirs believes that the silicone DMC may continue to rise steadily after the holiday.

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